AMERIABANK RANKS FIRST BY AUTHORIZED CAPITAL IN ARMENIA’S BANKING SYSTEM

/PanARMENIAN.Net/
22.07.2009 16:20 GMT+04:00

/PanARMENIAN.Net/ To date, Ameriabank by the size of its authorized
capital takes first place in the banking system of Armenia, Tigran
Jrbashyan, Director of Development of Ameriabank told journalists
today in Yerevan.

In respect to the aggregate capital, the bank’s share in the total
banking system of Armenia is 8.1 per cent and by its aggregate capital
Ameriabank is in fourth place, Jrbashyan said.

However, he noted that by its assets the bank holds 7.53 per cent
of the entire banking system of Armenia. "Trends of this growth are
increasing every quarter, and in terms of its assets, Ameniabank is the
fifth largest in the specific weight of the banking system," he said.

"In respect to our liabilities if at the end of the first quarter
we were at the seventh place, during the second quarter of 2009 we
went up to the fifth position," he said. Jrbashyan noted that this
was primarily due to the growth of certain liabilities of the bank,
and the fact that the whole banking system, particularly major banks,
recorded a decline in their liabilities.

Tigran Jrbashyan expressed the hope that the third quarter will be
good for the bank.

CJSC Ameriabank is a corporate investment bank offering corporate,
investment and some retail services as an integrated package. The
strategic partner of JSC "Ameriabank" is a "Troika Dialog" group,
one of the largest investment banking companies in Russia.